Spain retail sales declined at a faster pace in November, data released by the statistical office INE showed on Monday.

Retail sales decreased 4.3 percent on a yearly basis in November, which was bigger than the 3 percent decline logged in October.

Similarly, on an unadjusted basis, the annual decline in retail sales deepened to 5.8 percent from 2.3 percent a month ago.

Month-on-month, retail sales dropped 0.8 percent, in contrast to a 0.1 percent rise in October. The monthly fall was driven by weak demand for non-food products.

Food sales increased 0.2 percent, while non-food sales declined 1.8 percent from a month ago.

The material has been provided by InstaForex Company – www.instaforex.com

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